Pages

Friday, July 1, 2011

In boost to employers, payroll tax quietly expiring

Nearly every private employer in the U.S. will get a tax cut on Friday. It won’t affect workers’ paychecks. But the expiration of a 35-year-old "temporary" unemployment tax — about $14 a year per worker — will mean real money for some big companies.

Some worry that reducing federal unemployment taxes while the jobless rate hovers above 9 percent will add to the system’s financial problems. But the tax cut will save businesses nationwide more than $14 billion over the next decade, according to congressional estimates. Salt Lake Tribune

Utah Employment and Wages - search industry employment and wage data compiled by reports that are submitted by employers to the Utah UI program.

Publications - As part of a cooperative agreement with the Bureau of Labor Statistics, we provide the public with the data and analyses that we collect in a variety of mediums about the labor market in Utah.